There is so much of data being produced nowadays that without the help of an automated system the scattered information may not mean anything and cannot be put into a good use. Technologies like Artificial Intelligence, Machine Learning and Data mining are contributing heavily towards managing this enormous amount of data.
A lot of effort has been put into replicating human intelligence into artificial intelligence with the goal of making human life easier and better. It brings with it a world where human creativity and uniqueness has been replaced by the standardization of robots but sadly lacks the knowledge that humans gain from various unrelated experiences, which at times are useful for analysing different situations and scenarios. When the best of the two meet we can see wonders as both worlds have their own positives. Machines are stronger, faster, and more predictable and in many ways smarter than humans, but still need time to time to review, modify, and fit into the changing environment.
Talking about data extraction from contracts with high accuracy level is quite difficult to achieve alone from software. The ideal approach is to go with best of both worlds i.e. a combination of Artificial and Human Intelligence. Artificial Intelligence for its consistency, speed, and workload while Human Intelligence is used for accuracy and completeness.
At Brightleaf we offer a hybrid solution for abstracting important information from your contracts. Our process has multiple steps that integrate software process with human professional quality control. Brightleaf award winning process is managed in-house by our own professional staff there is no ramp-up time, our staff are trained, the process is proven and you are assured of a quality outcome and security for your contractual data. It’s the cost-effective solution delivered in a timely way.